Gold Prices Hold Steady Across Indian Cities; IBJA Reports Marginal Decline in Purity Rates

Gold prices at major jewellery brands remained largely unchanged across India on June 18, 2026, with 22k gold continuing to trade at Rs 13,850 per gram in key cities such as New Delhi, Chennai, Trivandrum, Kolkata, Bengaluru, Mumbai, and Hyderabad. The India Bullion and Jewellers Association (IBJA) noted a slight decrease in gold purity rates compared to the previous session, along with a fall in the price of 999 purity silver.

Brands including Malabar Gold & Diamonds, Kalyan Jewellers, and Joyallukas have maintained their 22k gold prices at Rs 13,850 per gram across showrooms nationwide, with the same rate recorded on June 17, 2026. At Tanishq, 22k gold was priced slightly higher at Rs 13,895 per gram in New Delhi, also unchanged from the prior day.

IBJA's indicative retail selling rates for fine gold (999/24k) stood at Rs 4,933 per gram, down from Rs 15,015 per gram on June 17, reflecting a decline in bullion values. For 22k gold, IBJA's rate was Rs 14,575 per gram, compared to Rs 14,654 the previous day. Silver (999 purity) dropped to Rs 2,43,700 per kilogram from Rs 2,47,688 per kilogram.

Market analysts attributed the broader decline in bullion prices to global factors. Prithviraj Kothari, managing director at RiddiSiddhi Bullions Ltd. and president of IBJA, noted that gold and silver fell 2% and 3% respectively after the Federal Reserve signaled support for rate hikes, with new Fed Chair Kevin Warsh reaffirming the central bank's inflation-control mandate. He added that losses were later erased after President Trump signed an interim deal with Iran, reopening the Strait of Hormuz and lifting sanctions on Iranian oil exports.

Despite these global shifts, retail jewellery prices in India remained stable, reflecting local demand conditions and brand-specific pricing strategies. The IBJA rates are indicative and may vary by state, tax structure, and other charges.